Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019.
Greater coordination between Caribbean governments needed
New WTTC report addresses challenges to facilitate growth and recovery of the sector in the region.
Jeddah hotels reported highest performance since September 2019
Jeddah’s hotel industry reported its highest performance levels since September 2019.
Portugal’s Tourism could surpass pre-pandemic levels in 2023
Growth rates in Travel & Tourism set to outstrip Portugal GDP at 3.4% per annum over next decade with some 200,000 new jobs.
Tourism set to inject over $2.6 billion into the U.S. economy over next decade
Revenue from Travel & Tourism will make up almost 10% of U.S. economy.
Sydney’s hotel industry showed steady occupancy levels in May
Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month.
WTTC publishes new report on destination resilience
COVID-19 has impacted all destinations highlighting the need for better-preparedness for future risks.
Jeddah call to action: UNWTO sets path towards new tourism governance
Public and private leaders have been called on to unite behind the Jeddah Call to Action, a commitment to align with UNWTO’s approach to rethink tourism governance at every level to keep adapting to the challenges faced by tourism as a global driver for recovery.
Baird/STR Hotel Stock Index dropped 5.8% in May
Year to date through the first five months of 2022, the stock index has decreased 2.8%.
U.S. hotel results for week ending 4 June
Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week.
